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10 Important Ways That Using Purchase Orders Benefits Your Company
If you’re like most of us, you probably think the last thing your business needs is more paperwork. There’s way too much of that already, right? Not using purchase orders is saving you time, you might argue. Besides that, they […]
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10 Most Costly Procurement Mistakes and How to Avoid Them
Your company’s purchasing ability depends in large part on the effectiveness of your procurement system. When the system is working well, then purchasing goes pretty smoothly. But if you’re working with an inefficient system it’s going to lead to a […]
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Quick and Painless Ways to Solve 5 Common Purchasing Problems
Is your company struggling with purchasing problems? Dealing with accidental orders, unclear policies, exceeding the budget, inventory issues, and inflexible or unreliable suppliers are not uncommon. But you don’t have to keep putting up with these issues in your company. […]
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Pros and Cons of Online Procurement Software
In recent history, the digital business revolution revolved around using in-house software for process improvement. Typically, you’d buy a software package designed to handle a specific business process, such as procurement or payroll, and then install it on the department’s […]
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5 Dangerous Mistakes In Supply Chain Management And How To Avoid Them
For many companies, supply chain management involves a lot of missed opportunities. Instead of having a supply chain that adds value they have one that’s full of errors which cost the company time and money. Even if your company’s supply […]
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How To Tell If You Need Procurement Automation Software
Have you ever found yourself thinking it’d be nice if the purchasing process in your company worked more smoothly? Maybe you’ve had trouble with misplaced paperwork, or invoices that don’t match purchase orders, or problems with purchases going over-budget. Whatever […]
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Here’s How To Add Value To Your Procurement Process By Making Procurement More Data-Driven
In recent years, data-driven procurement became a hot topic. As more and more business processes go digital, the importance of leveraging data in business processing becomes increasingly evident. Finance executives know that digitizing procurement and leveraging data more effectively is […]
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3 Questions To Find Out If Your Company Is Ready For The Transition To Digital Procurement
For many companies, digital procurement is a key part of their business model. And for companies that haven’t yet gone digital, it’s no longer a question of “if” they’ll follow suit, but “when.” The more important digital technology becomes in […]
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Understanding The Essential Role Data and Analytics Play In Procurement
There’s a wealth of important data flowing through procurement. The problem is, most procurement departments don’t have the tools to capture all this data, much less apply analytics and turn the data into something useful. Traditionally, procurement systems only gather […]
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Learn About The Most Common Mistake On The Road To Digital Procurement, Plus 5 Tips For How To Fix It
In many companies, procurement is still mired down in piles of paperwork and slow manual processing. That makes it the perfect target for improvement through digital automation software. Transitioning to digital procurement is pretty easy when you pick out a […]
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3 Cornerstones That Will Help You Successfully Transition To Digital Procurement
Are you planning to digitize your procurement? According to research from the Center for Global Enterprise (CGE), you should be if you want to lower costs and increase revenue. The CGE’s research predicts that digitizing your company’s supply chain could […]
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Here’s How To Define and Solve Procurement Problems While Using Business Process Automation Software
If you’re having troubles with procurement, you have to define the problem before you can work toward a solution. Procurement issues can take many forms. In some cases the problems are obvious. In others, your procurement might work pretty well […]
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